Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Smart Powerr's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.
Warning Sign:
When sloan ratio (100.01)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2023, Smart Powerr has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Smart Powerr Sloan Ratio % Historical Data
The historical data trend for Smart Powerr's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Smart Powerr's Sloan Ratio %
For the Utilities - Renewable subindustry, Smart Powerr's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Smart Powerr's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Smart Powerr's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Smart Powerr's Sloan Ratio % falls into.
Smart Powerr Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Smart Powerr's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Smart Powerr's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -0.09 (Mar. 2023 ) + -0.248 (Jun. 2023 ) + -0.181 (Sep. 2023 ) + -0.229 (Dec. 2023 ) = $-0.75 Mil.
Smart Powerr's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.07 (Mar. 2023 ) + -68.972 (Jun. 2023 ) + 0.778 (Sep. 2023 ) + 0.165 (Dec. 2023 ) = $-68.10 Mil.
Smart Powerr's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -141.071 (Mar. 2023 ) + 71.076 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = $-70.00 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Smart Powerr (NAS:CREG) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Dec. 2023, Smart Powerr has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Smart Powerr Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Smart Powerr's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Smart Powerr Corp, is a developer of waste energy recycling. The company design, finance, construct, operate, and transfer energy saving and recovery facilities for multiple energy-intensive industries. Its waste heat-to-energy solution consists of heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes, such as the entrance and exit ends of the cement rotary kilns, to generate electricity. The company's waste gas-to-energy solution consists of a WGPG system that utilizes flammable waste gas from coal mining, petroleum exploitation, refinery processing, or other sources as a fuel source to generate electricity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CREG has been successfully added to your 